ASIC may apply to the Court for an order or orders under this section in relation to a person if ASIC:

(a) cancels an Australian financial services licence held by the person; or

(b) makes a banning order against the person that is to operate permanently.

921A(2)[Court may make orders]

The Court may make:

(a) an order disqualifying the person, permanently or for a specified period, from providing any financial services, or specified financial services, in specified circumstances or capacities; or

(b) any other order the Court considers appropriate.

921A(3)[Variation or revocation]

The Court may revoke or vary an order made under subsection (2).

921A(4)[Effect of order]

A person against whom such an order is made cannot be granted an Australian financial services licence contrary to the order.

921A(5)[Licensed market or CS facility]

If the Court makes or varies an order under this section in relation to a person who is a participant in a licensed market or a licensed CS facility, ASIC must give the operator of the market or facility written notice of the making of the order or the variation.